GMR AIRPORTS LIMITED — JV/Acquisition, 20-12-2025: Acquisition

GMR Airports has acquired an additional 49.90% stake in its subsidiary, Delhi Duty Free Services Private Limited (DDFS), from Delhi International Airport Limited. The deal values this stake at Rs. 183.22 Cr. This acquisition increases GMR Airports' total ownership in DDFS to 66.93%. DDFS manages duty-free operations at Delhi's IGI Airport, reporting revenues of Rs. 2,177.32 Cr in FY25. The strategic move consolidates control over the profitable Delhi Duty-Free business and positions GMR Airports for expanding duty-free opportunities in India and globally, streamlining future operational strategies.